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Natural disaster and other weather risk management news and information for property & casualty insurance professionals. Tips to prepare and minimize insurance losses, as well as weather-related insurance claim updates.
The Committee focused on non-renewal data in response to climbing rates, which could signal market instability.
Once temperatures are below freezing, water pipes can freeze up in just a matter of hours.
U.S. homeowners now pay 17.4% more for new insurance policies as factors like inflation, severe weather and reinsurance costs impact the market.
The answer may surprise you.
Florida's insurer of last resort expects to end the year another 87,000 policies or so lighter.
The new rule allows insurance carriers to compute rates by using catastrophe models that incorporate the growing risk of natural disasters.
Matic: Premium growth slowed significantly in the latter half of 2024.
There are bright spots for insurers as 2024 winds down despite costly catastrophes and legal-system woes.
Fire-prone zip codes in Malibu and neighboring Pacific Palisades were hit particularly hard by insurance-carrier withdrawals from the Golden State.
Strong winds have fanned the blaze, which at one point tripled in size in just an hour.